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or go say hey this guy won't talk about the fiscal cliff, i will cut a deal. i will cut a deal to so we don't go off the fiscal cliff so business can have some confidence that would be the sort of unusual thing i think would be a practical thing that would be believable. >> and so is that right? what romney needs to do is go in and talk about you know name four things. >> well, three, not four. >> three things. >> maybe two or three, no more than three. >> judy, he has to understand this, first of all. the first debate helps the challenger. because for the first time the challenger is stand on the same stage with the president. and the fact that he is not blown away or there is not an enormous gap between the two, the challenge, whoever the challenger is benefits from that. and he's got to stay within himself. he can't be somebody he isn't. the problem that mitt romney has in addition to being the terrible word of somehow being too rich, and not understanding ode people, is that he, that he doesn't seem authentic so i think he's got to be absolutely within him
or go say hey this guy won't talk about the fiscal cliff, i will cut a deal. i will cut a deal to so we don't go off the fiscal cliff so business can have some confidence that would be the sort of unusual thing i think would be a practical thing that would be believable. >> and so is that right? what romney needs to do is go in and talk about you know name four things. >> well, three, not four. >> three things. >> maybe two or three, no more than three. >> judy, he...
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Aug 23, 2012
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cliff of spending and tax cuts. good evening, i'm judy woodruff. >> ifill: and i'm gwen ifill. on the "newshour" tonight, we assess the dire forecast and the elusive fixes. >> woodruff: then, as the presidential hopefuls spar over health care, education and more, we talk to four political reporters in four swing states. ( coughing ) >> ifill: betty ann bowser has the story of the comeback of whooping cough with infants at greatest risk. >> four doctors stood there and they were all crying and they told us there was no way the machine was going to work any longer and they took her off life support and then she tried to take a breath and within seconds she was just gone. >> woodruff: lindsey hilsum reports on the thousands of refugees fleeing the west african nation of mali to escape the rule of islamic militants. >> the people coming across the border paint a picture of a region that's descending into chaos. they're terrified of the armed men who are roaming northern mali and imposing their version of sharia. >> ifil
cliff of spending and tax cuts. good evening, i'm judy woodruff. >> ifill: and i'm gwen ifill. on the "newshour" tonight, we assess the dire forecast and the elusive fixes. >> woodruff: then, as the presidential hopefuls spar over health care, education and more, we talk to four political reporters in four swing states. ( coughing ) >> ifill: betty ann bowser has the story of the comeback of whooping cough with infants at greatest risk. >> four doctors stood...
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Nov 8, 2012
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and spending cuts that could drive the economy toward that so-called "fiscal cliff" next year. the president must also still defend his health care law, which remains unpopular and make good on his promise to jumpstart immigration reform. for a look at those realities ahead, we turn to john cowan, the president of third way, a moderate democrat think tank here in washington. and naftali bendavid who covers congress for the "wall street journal." naftali, we saw john boehner come out today and say-- sound like he was finding middle ground. we heard the president call john boehner and harry reid and sound like he was extending some sort of-- i don't know, the day after the election-- olive leaf. is that true? >> i think so. it was really striking to see the conciliatory language on both sides, particularly with speaker boehner who was very careful in the words he used. he used a teleprompter, something he doesn't usually do as though to make sure he used the right language and took no questions from reporters. early opoliticians know voters want compromise, they want concillation
and spending cuts that could drive the economy toward that so-called "fiscal cliff" next year. the president must also still defend his health care law, which remains unpopular and make good on his promise to jumpstart immigration reform. for a look at those realities ahead, we turn to john cowan, the president of third way, a moderate democrat think tank here in washington. and naftali bendavid who covers congress for the "wall street journal." naftali, we saw john boehner...
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Nov 9, 2012
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cliff of tax hikes and huge spending cuts at year's end. president obama planned a statement on the economy at the white house tomorrow. and storm-weary residents of new york and new jersey went back to cleaning up, after surviving a nor'easter, in the wake of hurricane "sandy." and our science thursday story online is about storm warnings. hari sreenivasan explains. >> sreenivasan: take a hurricane, add a high pressure system and a cold front, tack on a full moon, and what do you get? a real forecasting challenge. meet the scientists and the supercomputer charged with predicting the course and strength of storms like sandy. and we get two takes on europe's debt crisis and one of its central figures-- the president of the european central bank. find that on our making sense page. all that and more is on our web site newshour.pbs.org. jeff? >> brown: and that's the "newshour" for tonight. i'm jeffrey brown. >> woodruff: and i'm judy woodruff. we'll see you online and again here tomorrow evening with mark shields and david brooks, among other
cliff of tax hikes and huge spending cuts at year's end. president obama planned a statement on the economy at the white house tomorrow. and storm-weary residents of new york and new jersey went back to cleaning up, after surviving a nor'easter, in the wake of hurricane "sandy." and our science thursday story online is about storm warnings. hari sreenivasan explains. >> sreenivasan: take a hurricane, add a high pressure system and a cold front, tack on a full moon, and what do...
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Dec 28, 2012
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cliff of tax hikes and spending cuts. the house planned to reconvene on sunday evening. a christmas season storm rolled through the northeast and new england, as the death toll climbed to 16. and lisa jackson announced she's stepping down as administrator of the environmental protection agency. and online, we've got a unique year-in-review of sorts. kwame holman has more. >> holman: science correspondent miles o'brien has had a most interesting 2012. he's crawled in sewage, cuddled with dolphins and played guinea pig to lots of experiments. watch some of the best outtakes of miles' science stories on the rundown. and we round up the most important lessons we've learned about helping kids stay in school from our series, american graduate. all that and more is on our web site newshour.pbs.org. margaret? >> warner: and that's the "newshour" for tonight. i'm margaret warner. >> brown: and i'm jeffrey brown. we'll see you online and again here tomorrow evening with mark shields and david brooks among others. thank you and good
cliff of tax hikes and spending cuts. the house planned to reconvene on sunday evening. a christmas season storm rolled through the northeast and new england, as the death toll climbed to 16. and lisa jackson announced she's stepping down as administrator of the environmental protection agency. and online, we've got a unique year-in-review of sorts. kwame holman has more. >> holman: science correspondent miles o'brien has had a most interesting 2012. he's crawled in sewage, cuddled with...
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, the so-called "fiscal cliff". the president took to the road, while republicans warned there's a deadlock in efforts to reach a deficit deal. >> now, of course, santa delivers everywhere. i've been keeping my own naughty and nice lists for washington. >> warner: the president chose a seasonal setting, a toy factory in hatfield, pennsylvania, and holiday imagery to press again for extending tax cuts for the middle class. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1. i mean, i... i'm assuming that doesn't sound too good to you. >> no. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> warner: in washington, republicans portrayed the road trip as so much humbug, at a time, they said, when negotiations are going nowhere. >> there's a stalemate. let's not kid ourselves. >> warner: house speaker john boehner said republicans remain willing to raise revenues, but not by raising tax rates. and he charged the whi
, the so-called "fiscal cliff". the president took to the road, while republicans warned there's a deadlock in efforts to reach a deficit deal. >> now, of course, santa delivers everywhere. i've been keeping my own naughty and nice lists for washington. >> warner: the president chose a seasonal setting, a toy factory in hatfield, pennsylvania, and holiday imagery to press again for extending tax cuts for the middle class. >> if congress does nothing, every family in...
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or whether sequestration and the fiscal cliff occurs. >> ifill: the across-the-board cuts. why does it work that way? >> in the event no deal is made and we do have the automatic cuts known as sequestration starting in january, federal employees face job loss and in some situations-- certainly in the department of defense-- but throughout the federal government people will be furloughed, forced to take unpaid days off, anywhere from 20 to 50 days. we really don't know. it depends in part on the agency and it depends in part on how much of the remainder of the fiscal year these cuts are squished into. so it's -- that's one bad situation. and then the so-called grand bargains and deals, many of those include provisions that would cut federal retirement benefits and extend the current pay freeze for an additional three years so that federal employees would go five full years without any paid a justments. >> ifill: hugh johnson, if you were an investor or a business owner and you're watching wall street watch the fiscal cliff debate what are you telling them? are people nervous
or whether sequestration and the fiscal cliff occurs. >> ifill: the across-the-board cuts. why does it work that way? >> in the event no deal is made and we do have the automatic cuts known as sequestration starting in january, federal employees face job loss and in some situations-- certainly in the department of defense-- but throughout the federal government people will be furloughed, forced to take unpaid days off, anywhere from 20 to 50 days. we really don't know. it depends in...
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that sort of damocles, that fiscal cliff and also the sequester enforcement mechanisms which will cut spending immediately, members do not want that to happen. that's leverage too. >> woodruff: we already hear some republicans changing their tune. speaker boehner is talking about closing loopholes. other republicans are saying maybe like they're prepared to look at revenue. what are... are there concrete examples there that have the makings of some kind of deal down the road? >> very little is concrete at this point. but the movement from saying we don't want government to grow at all. the answer to this fiscal crisis is not to grow government to the position that you're hearing from leadership now which is, yes, we can have revenue. that's part of a broader deal that we're going to make. that's a substantial shift. that's not the same thing as the fight over tax rates, income tax rates. the president has said i will sign no deal that doesn't bring the income tax rates for the top earners back up to 96.5%. that's a slightly... there's a new nuance there that gives politicians wiggle r
that sort of damocles, that fiscal cliff and also the sequester enforcement mechanisms which will cut spending immediately, members do not want that to happen. that's leverage too. >> woodruff: we already hear some republicans changing their tune. speaker boehner is talking about closing loopholes. other republicans are saying maybe like they're prepared to look at revenue. what are... are there concrete examples there that have the makings of some kind of deal down the road? >>...
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topping the list: the looming fiscal cliff, $650 billion in spending cuts and tax increases kicking in at the first of the year. >> if congress fails to act by the end of this year, everybody's taxes will automatically go up, including the 98% of americans who make less than $250,000 a year and the 97% of small businesses who earn less than $250,000 a year. that doesn't make sense. our economy can't afford that right now. certainly no middle-class family can afford that right now. >> reporter: mr. obama signed legislation extending the bush- era tax cuts two years ago, including those affecting the wealthy, but he said today things are different this time. >> well, two years ago, the economy was in a different situation. we were still very much in the early parts of recovering from the worst economic crisis since the great depression. but what i said at the time is what i meant, which is this was a one-time proposition. and you know, what i have told leaders privately as well as publicly is that we cannot afford to extend the bush tax cuts for the wealthy. what we can do is make sure t
topping the list: the looming fiscal cliff, $650 billion in spending cuts and tax increases kicking in at the first of the year. >> if congress fails to act by the end of this year, everybody's taxes will automatically go up, including the 98% of americans who make less than $250,000 a year and the 97% of small businesses who earn less than $250,000 a year. that doesn't make sense. our economy can't afford that right now. certainly no middle-class family can afford that right now....
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a deal on the deficit in dim time to avoie fiscal cliff. >>woodruff: what makes you think they might mark zhandy? >> both parties have leverage in this debate. the bush era tax cuts are coming to an end under current law. that gives leverage to the democrats. we have budget cuts that are part of the deal that we struck tto raise the treasury debt ceiling last summer. thawe are going to cut the defee and non-defense budget and we have the debt ceiling that has been increased next year. and when you have this kind of situation with both parties having negotiating power it's a prescription forgetting a deal. >>woodruff: it sounds like you don't see it. >> mark has analyzed the situation right. both in europe and in the united states we have a lot of people playing the game of chicken. no one wants the sequestering and no one wants the taxes to go up and nobody in europe wants to blow up the euro in a messy way. can they still t stumble their o the compromise. and it leaves us vulnerable to something not on the horizon. the middle east is not t
a deal on the deficit in dim time to avoie fiscal cliff. >>woodruff: what makes you think they might mark zhandy? >> both parties have leverage in this debate. the bush era tax cuts are coming to an end under current law. that gives leverage to the democrats. we have budget cuts that are part of the deal that we struck tto raise the treasury debt ceiling last summer. thawe are going to cut the defee and non-defense budget and we have the debt ceiling that has been increased next...
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new year, under the fiscal cliff's mandates. but today, republican leaders offered a companion bill to replace $55 billion in automatic cuts to defense spending. those would be swapped out for additional reductions in domestic programs. house majority leader eric cantor predicted both measures would pass. >> we hope that the senate will take this bill up along with the spending reduction act and get the job done in lieu of or absent any kind of agreement coming from the white house. we are again, taking concrete >> brown: some republican members, such as tim huelskamp of kansas, still had strong objections. >> i do not support plan b. apparently it was amended late last night. i still do not support it. point being, there is a pretty big tax increase still in there. and it's always been a long principle of mine as well as most in the republican party that we don't raise taxes and we look at the spending side. >> brown: but when floor debate began this afternoon, the leadership lined up republicans who supported the measure. >> m
new year, under the fiscal cliff's mandates. but today, republican leaders offered a companion bill to replace $55 billion in automatic cuts to defense spending. those would be swapped out for additional reductions in domestic programs. house majority leader eric cantor predicted both measures would pass. >> we hope that the senate will take this bill up along with the spending reduction act and get the job done in lieu of or absent any kind of agreement coming from the white house. we...
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and on tonight's edition of "need to know," ray moderates a roundtable discussion about the fiscal cliff and congress's deadline to deal with expiring tax cuts and automatic spending cuts. find a link to "need to know" and much more at newshour.pbs.org. judy. >> woodruff: and that's the newshour for tonight. on monday, we'll talk with npr's peter overby about spending by super-pacs on campaign ads. i'm judy woodruff. >> brown: and i'm jeffrey brown. "washington week" can be seen later this evening on most pbs stations. we'll see you online and again here monday evening. have a nice weekend. thank you and good night. >> major funding for the pbs newshour has been provided by: ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wg
and on tonight's edition of "need to know," ray moderates a roundtable discussion about the fiscal cliff and congress's deadline to deal with expiring tax cuts and automatic spending cuts. find a link to "need to know" and much more at newshour.pbs.org. judy. >> woodruff: and that's the newshour for tonight. on monday, we'll talk with npr's peter overby about spending by super-pacs on campaign ads. i'm judy woodruff. >> brown: and i'm jeffrey brown....
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>> one thing i'm worried about is the fiscal cliff issue, the tax increases and spending cuts that take place january 1 unless congress and the president reach a deal. businesses have been worried about that for months. maybe consumers are start-- maybe it's starting to creep into their thinking as well. we saw a weaker consumer sentiment number last week. that's thing to watch to worry about as we wonder what the holiday season will be like. >> brown: nariman behravesh, is it strange or do things really change? on the one hand, we want people to get out and spend, but on the other hand, we still talk about over-spending and spending money people didn't really have was part of the problem that got us into this state in the first place. so what's-- that sounds like a little bit of a disconnect. where are we on that? >> well, i think neil is right in saying consumer finances are in much better shape right now. so in that sense, the kind of spending we're seeing now is more sustainable. it's healthier in a sense. debt levels are down. people are not taking, say, home equity out to spend on
>> one thing i'm worried about is the fiscal cliff issue, the tax increases and spending cuts that take place january 1 unless congress and the president reach a deal. businesses have been worried about that for months. maybe consumers are start-- maybe it's starting to creep into their thinking as well. we saw a weaker consumer sentiment number last week. that's thing to watch to worry about as we wonder what the holiday season will be like. >> brown: nariman behravesh, is it...
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but all this talk about the fiscal cliff, the automatic tax riders and spending cuts are unnerving people a little bit. and also we don't know how much people have been biging into their savings earlier in the year. so in spite of positive economic news, people are still going to be cautious and that's going to mean a little bit of growth but not a huge amount. >> sreenivasan: barney jopson of the financial times, thanks for your time. >> thank you. >> sreenivasan: thanksgiving is a time to remember native american life and culture. and that was the life's work of edward curtis, a turn of the century photographer. his story is told in a new biography, "short nights of the shadow catcher" by journalist and author timothy egan, a previous winner of both the pulitzer prize and national book award. jeffrey brown has our book conversation. >> brown: in 1896 edward curtis took this photograph of a woman known as "princess angeline," the last surviving child of the native-american chief for whom the city of seattle was named. it was the first in what would become a decades-long project. one of t
but all this talk about the fiscal cliff, the automatic tax riders and spending cuts are unnerving people a little bit. and also we don't know how much people have been biging into their savings earlier in the year. so in spite of positive economic news, people are still going to be cautious and that's going to mean a little bit of growth but not a huge amount. >> sreenivasan: barney jopson of the financial times, thanks for your time. >> thank you. >> sreenivasan:...
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. >> ifill: andy kohut, the fiscal cliff, are voters paying attention to that? is this something they'll make their decisions based on? that >> that hasn't registered yet. but the news has a way of spreading. it took a long time to the last time we had that deficit plan in... reduction plan in 2011 and in a matter of months that would become priority number one. and the public is concerned about the debt and record levels. but the same that comes through in survey after survey is jobs, jobs, jobs. we see no change in public confidence about the job situation improving. >> woodruff: to the extent there's any lack of clarity about governor romney's proposals for the economy and paul ryan's proposals which there's been a lot of conversation about that, how do you clarify that about people looking that the? >> there's only governor romney's proposals. he's running for president. and he congressman ryan are about the same page about the need to reform the tax code. but it's a romney economic plan. >> ifill: does that mean the ryan plan goes away for the purposes of t
. >> ifill: andy kohut, the fiscal cliff, are voters paying attention to that? is this something they'll make their decisions based on? that >> that hasn't registered yet. but the news has a way of spreading. it took a long time to the last time we had that deficit plan in... reduction plan in 2011 and in a matter of months that would become priority number one. and the public is concerned about the debt and record levels. but the same that comes through in survey after survey is...
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wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the u.s. voted no. it came after palestinian president mahmoud abbas appealed to the world body to issue the birth certificate of palestine. >> we did not come here seeking to delegitimize a state established years ago, and that is israel. rather, we came to affirm the legitimacy of a state that must now achieve its independence, and this is palestine. >> sreenivasan: palestinians said the vote would strengthen their hand in future peace talks with israel. but the israeli ambassador to the u.n., ron prosor, warned that the palestinians are turning their backs on peace. >> for as long as president abb
wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the...
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cliff here in the united states, a combination of tax increases and spending cuts that could well up the economy at year end if nothing is done about it. >> brown: so the firm step, extending the program, t so-called operation twist, tell us a little bit more about that and is it still effective? what is it intended to do at this point? >> what operation twist does is basically the fed has a balance sheet with roughly $2.5 to $3 billion in bonds. they mature in five or three years. they're selling shorter dated bonds and buying longer term bonds. the reason they're doing that is that by purchasing long-term bonds they push their prices up and their yields down and that affects all sorts of bow roars. if you get a mortgage, for example, you should benefit from that because as the treasury bond yields come down so should mortgage rates. the idea is if they do enough of this this will have a beneficial impact on the economy. >> brown: long-term rates have been so or will already so the question is how much impact can something like this still have? >> it should have some impact. studies
cliff here in the united states, a combination of tax increases and spending cuts that could well up the economy at year end if nothing is done about it. >> brown: so the firm step, extending the program, t so-called operation twist, tell us a little bit more about that and is it still effective? what is it intended to do at this point? >> what operation twist does is basically the fed has a balance sheet with roughly $2.5 to $3 billion in bonds. they mature in five or three years....
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cliff. kwame holman updates the state of the negotiations and we talk with tennessee republican senator bob corker. >> ifill: jeffrey brown examines new concerns over syria's chemical weapons capability and what, if anything, the u.s. can do about it. >> woodruff: from florida, hari sreenivasan has the story of endangered coral reefs. many of them dying because ocean temperatures are rising and the waters are more acidic. >> i remember seeing fields of elk horn coral that you couldn't see through it and you couldn't see beyond it and those same areas are dead you know 99% dead. ♪ >> ifill: and we close with a remembrance of jazz great dave brubeck who died today, one day shy of his 92nd birthday. >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs stati
cliff. kwame holman updates the state of the negotiations and we talk with tennessee republican senator bob corker. >> ifill: jeffrey brown examines new concerns over syria's chemical weapons capability and what, if anything, the u.s. can do about it. >> woodruff: from florida, hari sreenivasan has the story of endangered coral reefs. many of them dying because ocean temperatures are rising and the waters are more acidic. >> i remember seeing fields of elk horn coral that you...
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> reporter: as the deadline to reach a deal to avert the fiscal cliff draws ever closer, republicans say the real issue is spending cuts. >> listen, republicans want to solve this problem by getting the spending line down. the president wants to pretend that spending isn't the problem. that's why we don't have an agreement. >> reporter: a claim the white house denies, spokesman jay carney. >> let's just be clear. there is one party to these negotiations who has put forward a specific proposal for revenue and a specific proposal for spending cuts. even when the republicans-- and i saw speaker boehner do this earlier today-- insist that the president hasn't put forward spending cuts, one, it begs the question, what spending cuts have the republicans put forward? >> reporter: the president was asked if he was optimistic about reaching a deal. >> still a work in progress. >> reporter: but senate majority leader harry reid said republicans in congress should yield to public opinion about tax increases. >> speaker boehner knows or should know that the middle- class tax help that we have to
> reporter: as the deadline to reach a deal to avert the fiscal cliff draws ever closer, republicans say the real issue is spending cuts. >> listen, republicans want to solve this problem by getting the spending line down. the president wants to pretend that spending isn't the problem. that's why we don't have an agreement. >> reporter: a claim the white house denies, spokesman jay carney. >> let's just be clear. there is one party to these negotiations who has put forward...
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thank you. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more
thank you. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but...
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. >> woodruff: the white house had a new proposal on the table today in the fiscal cliff negotiations. house republicans said it fell well short, but the two sides kept at it, hoping to avert across-the-board tax hikes and steep mandatory spending cuts in 2013. >> we're moving closer. let me say that. it looks more encouraging today than it did yesterday. >> woodruff: there were some voices today like california republican congressman wally herger who saw signs of a deal in the works. president obama offered monday to lower his target for new revenue to $1.2 trillion over ten years. down $400 billion from his first offer. he also raised the threshold for higher tax rates to households making $400,000 a year. instead of $250,000. and he proposed spending cuts of $1.2 trillion from health programs and cost of living hikes for social security. white house press secretary jay carney. >> in the details that have come out about the president's proposal, i think it is clear that he has demonstrated good faith and a willingness to meet speaker boehner and the republicans halfway. >> woodruff:
. >> woodruff: the white house had a new proposal on the table today in the fiscal cliff negotiations. house republicans said it fell well short, but the two sides kept at it, hoping to avert across-the-board tax hikes and steep mandatory spending cuts in 2013. >> we're moving closer. let me say that. it looks more encouraging today than it did yesterday. >> woodruff: there were some voices today like california republican congressman wally herger who saw signs of a deal in...
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Dec 13, 2012
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cliff, in other words? that's the question people asked when the president threatened to default two years ago and people said would the republicans cause the default? no, only the president can cause the default because only the president decides whether or not to pay interest the president i think has decided to go over the fiscal cliff for a number of reasons because he thinks he can blame other people for it. i hope he doesn't do that. two years ago he extended the business office for all this drama. he may decide to push us over a cliff. >> woodruff: finally, grover norquist, will there be a political price to pay for republicans who vote to raise taxes if that is what it comes down to? >> republicans will take a look, most republicans have committed, not to me, but their constituents, that they won't raise taxes and fight against tax increases. whatever they vote for they have to go to their constituents and say this wasn't a tax increase or let me explain to you what i did. they have to talk to their
cliff, in other words? that's the question people asked when the president threatened to default two years ago and people said would the republicans cause the default? no, only the president can cause the default because only the president decides whether or not to pay interest the president i think has decided to go over the fiscal cliff for a number of reasons because he thinks he can blame other people for it. i hope he doesn't do that. two years ago he extended the business office for all...
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Nov 28, 2012
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thank you. >> brown: washington's struggle to avoid going off the "fiscal cliff" resumed in earnest today. the president moved to draw on his reelection victory for new clout with congress. the goal: a sweeping deficit agreement to avert $650 billion in spending cuts and tax increases at the start of 2013. from the white house came word that president obama will try to build public pressure on congress to raise taxes on the wealthy and prevent tax hikes for everyone else. white house spokesman jay carney. >> well, the president believes very strongly that the american people matter in this debate. because this debate is about them. the question of whether or not taxes go up on 98% of american tax payers is a very important to ordinary americans. it is not just a matter for discussion between the president and the senate minority leader. or other congressional leaders. >> brown: to that end the president met privately today with small business owners. on friday he'll travel to the philadelphia area to speak further on the issue. not to be outdone, house republicans said they'll meet with s
thank you. >> brown: washington's struggle to avoid going off the "fiscal cliff" resumed in earnest today. the president moved to draw on his reelection victory for new clout with congress. the goal: a sweeping deficit agreement to avert $650 billion in spending cuts and tax increases at the start of 2013. from the white house came word that president obama will try to build public pressure on congress to raise taxes on the wealthy and prevent tax hikes for everyone else. white...
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Nov 10, 2012
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the members of our majority understand how important it is to avert the fiscal cliff. that's why the house took action earlier this year to replace the sequester with other types of cuts, and it's also why, over the summer, we passed a bill to extend all of the current tax rates for one year so that we had time to overhaul our tax code. and it's why i outlined a responsible path forward where we can replace the spending cuts and extend the current rates, paving the way for entitlement reform as well as tax reform with lower rates. 2013 should be the year we begin to solve our debt through tax reform and entitlement reform. and i'm proposing that we avert the fiscal cliff together in a manner that ensures that 2013 is finally the year that our government comes to grips with the major problems that are facing us. this will bring jobs home, result in a stronger, healthier economy, and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground, and i hope the president will
the members of our majority understand how important it is to avert the fiscal cliff. that's why the house took action earlier this year to replace the sequester with other types of cuts, and it's also why, over the summer, we passed a bill to extend all of the current tax rates for one year so that we had time to overhaul our tax code. and it's why i outlined a responsible path forward where we can replace the spending cuts and extend the current rates, paving the way for entitlement reform as...
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the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. now, if the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. because right now the american people have to be scratching their heads and wondering when is the president going to get serious? >> on that question of whether or not we have put forward specific spending cuts, the answer is is we have. not only that, we signed law a trillion dollars in specific spending cuts. so if you combine what is signed into law with what we proposed versus the total absence of any specificity from the republicans for a single dollar in revenue, i think in the battle of specificity, the outcome has already been decided. >> woodruff: and a short time ago an administration official told us the president and the speaker spoke by phone this evening. now to our series of conversations on this subject and what should be done. we've listened to a range of opinions in recent days, including erskine bowles of the simpson-bowles
the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. now, if the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. because right now the american people have to be scratching their heads and wondering when is the president going to get serious? >> on that question of whether or not we have put forward specific spending cuts, the answer is is we have. not only...
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Sep 12, 2012
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cliff." instead, he put the blame squarely on senate democrats and the president. >> i'm not confident at all. listen, the house has done its job on both the sequester and on the looming tax hikes that will cost our economy some 700,000 jobs. the senate at some point has to act. on both of these, where is the president? where is the leadership? absent without leave. >> sreenivasan: negotiations on avoiding the cuts are not expected until after the november elections. in the meantime, the moody's rating agency said today it will likely cut its triple-a credit rating on u.s. government bonds, if the budget talks fail. wall street managed to move ahead today, recouping some of monday's losses. the dow jones industrial average gained 69 points to close at 13,232. the nasdaq rose half a point to close at 3104. those are some of the day's major stories. now, back to jeff. >> brown: and we head back to chicago, and the national spotlight focused on a teacher's strike in the nation's third largest sc
cliff." instead, he put the blame squarely on senate democrats and the president. >> i'm not confident at all. listen, the house has done its job on both the sequester and on the looming tax hikes that will cost our economy some 700,000 jobs. the senate at some point has to act. on both of these, where is the president? where is the leadership? absent without leave. >> sreenivasan: negotiations on avoiding the cuts are not expected until after the november elections. in the...
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cliff would erode confidence and would create a potential contraction of the u.s. economy in 2013. >> woodruff: you're saying to u.s. policy makers, cut spending but don't cut it too deeply? is that what you're saying? >> correct, correct. what we're saying is that there is not a lot of policy room. let's face it. but that little policy room that is available should be used wisely to avoid those, particularly those domestic risks because the external risk is not something that you can do much about. but the risk at home is clearly that growth be contracted so much next year that they be fewer jobs, less activity created. we think that the deficit for the next budget should be reduced by one percentage point of g.d.p., no more than that. >> woodruff: as you know, the... there is a very strong debate in the country about what to do. conservative economic thinkers and policy makers are saying almost just the opposite. they're saying cut as much as you can. the big worry now is the debt and the deficit. >> i agree with them. not on the prescription. i agree with the an
cliff would erode confidence and would create a potential contraction of the u.s. economy in 2013. >> woodruff: you're saying to u.s. policy makers, cut spending but don't cut it too deeply? is that what you're saying? >> correct, correct. what we're saying is that there is not a lot of policy room. let's face it. but that little policy room that is available should be used wisely to avoid those, particularly those domestic risks because the external risk is not something that you...
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Nov 17, 2012
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there was hopeful talk today about avoiding the "fiscal cliff" after president obama met with congressional leaders at the white house. a series of tax increases and spending cuts will kick in on january 1, unless the two sides can come to agreement. today, the president said action is of the essence. >> our challenge is to make sure that, you know, we are able to cooperate together, work together, find some common ground, make some tough compromises, build some consensus to do the people's business. and what the folks are looking for, and i think all of us agree on this, is action. >> holman: afterward, house and senate leaders expressed confidence they can get a deal. the president is pushing for high-income earners to pay more in taxes. and house speaker john boehner said republicans are willing to offer higher tax revenue as part of a deal. >> to show our seriousness we've put revenue on the table, as long as it's accompanied by significant spending cuts. and while we're going to continue to have revenue on the table, it's going to be incumbent for my colleagues to show the american peo
there was hopeful talk today about avoiding the "fiscal cliff" after president obama met with congressional leaders at the white house. a series of tax increases and spending cuts will kick in on january 1, unless the two sides can come to agreement. today, the president said action is of the essence. >> our challenge is to make sure that, you know, we are able to cooperate together, work together, find some common ground, make some tough compromises, build some consensus to do...